I have believed since the beginning that Tim Geithner is an idiot. The real power at Treasury is Larry Summers and Rahm Emanuel. The guy who said never let a good crisis go to waste has his fingerprints all over this.
So, sure, the banks can repay the TARP money, which should (in theory) discharge their obligations to the government, so they are free and clear… Right?
Not so fast..
Is there anyone out there who recognizes that once a loan or debt is repaid, the terms and conditions should be satisfied and discharged??? Why, someone, please tell me… Do we then allow the government to RETAIN ownership rights in these banks by having warrants to buy stock at anytime?
It’s things like this that make me want to crawl into my bed, bury myself in my blanket and not come out. The world doesn’t make sense when things like this happen. All logic has left the station, folks… And it probably won’t come back.
Check this article out. The mainstream media isn’t telling you about this. Hmmmm… Wonder why???